NY-SUSMAN/HAUSFELD

Susman Godfrey LLP and Hausfeld LLP Announce a $120 Million Settlement That Impacts Individuals and Institutions Who Owned a U.S. Dollar LIBOR-Based Instrument Between August 2007 and May 2010

The following is being released by Susman Godfrey LLP and Hausfeld LLP.

There is a Settlement with Barclays Bank that impacts individuals and
institutions that entered into over-the-counter financial derivative and
non-derivative instruments directly with Barclays or a Non-Settling
Defendant that received payments tied to U.S. Dollar LIBOR. Barclays and
the Non-Settling Defendants are U.S. Dollar LIBOR Panel Banks. Please
visit www.BarclaysLiborSettlement.com
for the list of Defendants. The instruments include certain interest
rate swaps, forward rate agreements, asset swaps, collateralized debt
obligations, credit default swaps, inflation swaps, total return swaps,
options, and floating rate notes.

The litigation claims that the banks manipulated the U.S. Dollar LIBOR
rate during the financial crisis, artificially lowering the rate for
their own profit, which resulted in purchasers receiving less interest
payments for their U.S. Dollar LIBOR-based instruments from the banks as
they should have. Plaintiffs assert antitrust, breach of contract, and
unjust enrichment claims. Barclays denies all claims of wrongdoing.

Individuals and institutions are included in the Settlement if they:

Directly purchased certain U.S. Dollar LIBOR-based instruments;

From Barclays or any Non-Settling Defendant (or their subsidiaries or
affiliates);

In the United States; and

Owned the instruments at any time between August 2007 and May 2010.

The Settlement will create a $120 million Settlement Fund that will be
used to pay eligible Class Members who submit valid claims.
Additionally, Barclays will cooperate with the Plaintiffs in their
ongoing litigation against the Non-Settling Defendants.

Class Members must submit a Proof of Claim, online or by mail, by December
21, 2017
to get a payment. They are entitled to receive a payment if
they have a qualifying transaction with Barclays or a Non-Settling
Defendant. At this time, it is unknown how much each Class Member who
submits a valid claim will receive.

Even if they do nothing, Class Members will lose the right to sue
Barclays for the alleged conduct and will be bound by the Court’s
decisions concerning the Settlement. This Settlement will not result in
a release of claims against any Non-Settling Defendant, and the
litigation against Non-Settling Defendants is ongoing. If Class Members
want to keep their right to sue Barclays, they must exclude themselves
from the Settlement Class by October 9, 2017
. If they stay in the
Settlement Class, they may object to the Settlement by October 9, 2017
.

The Court will hold a hearing on October 23, 2017
to consider
whether to approve the Settlement and approve Class Counsel’s request of
attorneys’ fees of up to one-third of the Settlement Fund, plus
reimbursement of costs and expenses. Class Members or their lawyers may
appear and speak at the hearing at their own expense.